over bought, page-5

  1. 1,900 Posts.
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    Hi BeecherGreed,
    I see that you are new to TAP threads.
    Welcome - you are a shareholder and deserve to be considered seriously.

    I am concerned about the chances of you having that well-earned holiday and that you may be influenced by the negativity of Onshow.

    Here is what he posted in September - "Looks like it will now be heading closer to 50 cents. I can see why some on here are frusterated but we did try to warn them".

    You wouldn't want to be shorting then, would you ?

    He has little credibility and remember that with regard to share prices, the trend is your friend !

    TAP is in an uptrend for many reasons including the following :-
    * Tallaganda spud in March with BHP Billiton desperate to buy as big a share as possible. 60% chance of success - this is no wildcat drill. $10 million free carry.
    * Burrup court case very close to disappearing with Apache and Yara buying the company. New gas prices were part of the negotiated agreement.
    * Manora - maturing and increasing potential and reserves.
    * Ghana - will farmout at a very attractive terms.
    * plenty of cash and no debt. Also very few issued shares so any success is meaningful.
    * new manangement. Troy has done a great job since arriving - every move a winner. Board renewal an unexpected bonus.
    * recent broker buy recommendations with targets of much greater than $1.
    * volatility in the wider markets returning and more focus being given to oil and gas stocks.

    I could go on ..... and on, but you get my drift.
    Good luck.
 
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